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Freeway Business Center - 1500 Hughes Way

Off-Market

1500 Hughes Way, Long Beach, CA 90810

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  • Property Type Office - General Office
  • Property Size 490,055 SF
  • Lot Size 19.1 Acre
  • Parking Spaces Avail. 1813
  • Parking Ratio 3.70/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified Platinum
  • Building Class A
  • Year Built 1981

Location

  • Walk Score ® Car-Dependent (39)
  • Transit Score ® Some Transit (40)
  • Bike Score ® Somewhat Bikeable (38)
Powered by Walk Score ®
  • City Long Beach, CA
  • Neighborhood Los Cerritos
  • Zip Code 90810
  • Market Los Angeles

Points of Interest

Wardlow

1.08 miles

Del Amo

1.40 miles

Willow Street

1.95 miles

Pacific Coast Highway

2.95 miles

Anaheim Street

3.43 miles

Artesia

3.43 miles

5th Street

3.97 miles

Pacific Avenue

3.97 miles

Downtown Long Beach

4.27 miles

1st Street

4.29 miles

Chevron

0.41 miles

Arco

1.43 miles

Arco

1.67 miles

eVgo

1.77 miles

Mobil

2.22 miles

76

2.58 miles

Mobil

2.63 miles

Shell

2.64 miles

76

2.73 miles

Mobil

2.82 miles

Metro Park and Ride

1.07 miles

Metro Park and Ride

1.18 miles

parking structure

1.32 miles

Metro Park and Ride

1.40 miles

parking structure

1.55 miles

Employee parking

1.81 miles

Parking structure

1.87 miles

W1 West Lot, Todd Cancer Patient Parking

1.89 miles

Metro Park and Ride

1.92 miles

parking structure

1.95 miles

Hotel Salina

1.35 miles

Hotel Salina

1.35 miles

Sunshine Motel

1.36 miles

Comfort Inn Long Beach

2.05 miles

The Cove Hotel, Ascend Hotel Collection

2.06 miles

Ronald McDonald House

2.10 miles

Rodeway Inn Carson - Los Angeles South

2.18 miles

Long Beach Motel

2.51 miles

Kearney Motel

2.53 miles

Hiland Motel

2.59 miles

Charbroiled Burgers

1.30 miles

Popeye's

1.36 miles

Panda Garden

1.58 miles

Golden Bowl

1.59 miles

Sushi

1.59 miles

Carl's Jr.

1.61 miles

Le-yen Chinese

1.63 miles

Weiland Brewery Restaurant

1.69 miles

George's 50s Diner

1.71 miles

IHOP

1.86 miles

Dominguez School

0.60 miles

Dominguez Elementary School

0.61 miles

Los Cerritos Elementary School

0.71 miles

Webster Elementary School

0.77 miles

Muir Elementary School

0.99 miles

Birney Elementary School

1.34 miles

Stephens Middle School

1.36 miles

Union School

1.42 miles

Perry Lindsey Academy

1.57 miles

Del Amo Elementary School

1.71 miles

Oak Wood Academy

1.35 miles

The Learning Box Childcare & Enrichment Center Inc

4.90 miles

A Village Child Care

5.07 miles

Tiny Heartz Daycare LLC

5.95 miles

injoy life

6.47 miles

Rancho Los Amigos Daycare

7.37 miles

YMCA After School Program

7.98 miles

Leap & Bound Pre-School

9.01 miles

Southwood Pre-School

9.02 miles

South Bay Universal Development Center

9.11 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 04 Jun, 2012
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Long Beach

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Long Beach Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $30.81
  • 2020 Office Vacancy Rate 16.45%
  • 2020 Office Completions (SF)
View more Long Beach market trends

Tax

  • Property Tax in 2021-2022 $947,771
  • Market Value* $81,669,162
  • Assessed Value $81,669,162

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Freeway Business Center - 1500 Hughes Way?

Freeway Business Center - 1500 Hughes Way totals 490,055 square feet.

When was this property built?

Freeway Business Center - 1500 Hughes Way was built in 1981.

When was Freeway Business Center - 1500 Hughes Way last sold?

Freeway Business Center - 1500 Hughes Way was last sold on 04 Jun, 2012.

What is the property tax for Freeway Business Center - 1500 Hughes Way?

The property tax for Freeway Business Center - 1500 Hughes Way in 2021-2022 was $947,771.

What is the market value for Freeway Business Center - 1500 Hughes Way?

The market value* for Freeway Business Center - 1500 Hughes Way in 2021-2022 was $81,669,162.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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